|Are you a home owner and you need to release some equity?
There is a great option for you that is claimed by more and more people who use the value of their home in order to get some extra money. How is this possible? It is by an Equity Release Mortgage
that makes it possible for you as well to free up a percentage of the value of your property. Isn’t it great? You can still remain the owner, but in the same time you get extra cash or regular monthly payments. You would like to know more about this mortgage scheme, wouldn’t you?
Let’s start with suitability.
Basically, everyone can get an Equity Release Mortgage who has an own house in good repair, but it is most likely given only to those over 55. You are also asked not to have outstanding mortgage. Age is a determining factor in calculating how many percentage of the value of your property you can release. If you are older, you can release a higher percentage of your property-value than younger people. Also, there is no maximum age limit. So feel free to apply!
Why can an Equity Release Mortgage attract you?
If you are retired and have only a small pension and not enough savings, you are likely to have a desire for something more. Now you have the time to have new experiences, or you intend to buy the long-desired car, or you just want to have a more comfortable life, but you cannot, because of financial reasons. For all these things and for many others you can make up the needed money.